Depreciation
The depreciation graph and accompanying table on our page detail how the 2023 TOYOTA COROLLA's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2023 TOYOTA COROLLA in 2023 was $21,900.
The average price for used 2023 TOYOTA COROLLA nowadays in 2024 is $21,997 which is 100% from the original price.
Estimated mileage driven per year is 9,706 miles.
The graph below is a depreciation curve for 2023 TOYOTA COROLLA. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA COROLLA in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2023 MSRP | 0 mi | $21,900 | — | — | 100% | 0% |
| 2023 | 9,706 mi | $23,998 | −$2,098 | −9.58% | 109.58% | -9.58% |
| 2024 | 19,412 mi | $21,997 | +$2,001 | +8.34% | 100.44% | -0.44% |
| 2025 | 29,118 mi | $20,988 | +$1,009 | +4.59% | 95.84% | 4.16% |
| 2026 | 38,824 mi | $19,995 | +$993 | +4.73% | 91.3% | 8.7% |
| 2027 | 48,530 mi | $18,800 | +$1,195 | +5.98% | 85.84% | 14.16% |
| 2028 | 58,236 mi | $17,598 | +$1,202 | +6.39% | 80.36% | 19.64% |
| 2029 | 67,942 mi | $16,042 | +$1,556 | +8.84% | 73.25% | 26.75% |
| 2030 | 77,648 mi | $15,477 | +$565 | +3.52% | 70.67% | 29.33% |
| 2031 | 87,354 mi | $14,499 | +$978 | +6.32% | 66.21% | 33.79% |
| 2032 | 97,060 mi | $13,900 | +$599 | +4.13% | 63.47% | 36.53% |
| 2033 | 106,766 mi | $12,995 | +$905 | +6.51% | 59.34% | 40.66% |
| 2034 | 116,472 mi | $11,516 | +$1,479 | +11.38% | 52.58% | 47.42% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA COROLLA’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2023 TOYOTA COROLLA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA COROLLA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $23,805 | 119 sales |
| 5,000 mi | $23,919 | 551 sales |
| 10,000 mi | $22,985 | 863 sales |
| 15,000 mi | $21,977 | 949 sales |
| 20,000 mi | $21,495 | 690 sales |
| 25,000 mi | $21,297 | 372 sales |
| 30,000 mi | $20,938 | 276 sales |
| 35,000 mi | $20,500 | 134 sales |
| 40,000 mi | $20,244 | 50 sales |
| 45,000 mi | $19,993 | 20 sales |
Frequently asked questions
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Aftermarket modifications can affect the depreciation of 2023 TOYOTA COROLLA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Other years of TOYOTA COROLLA
1994 TOYOTA COROLLA
$3,999 average used price
340+ sales records
2001 TOYOTA COROLLA
$4,989 average used price
3,500+ sales records
2002 TOYOTA COROLLA
$4,990 average used price
2,900+ sales records
2003 TOYOTA COROLLA
$5,900 average used price
9,400+ sales records
2006 TOYOTA COROLLA
$6,435 average used price
15,500+ sales records
2008 TOYOTA COROLLA
$6,999 average used price
10,500+ sales records
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